Commonwealth Games Minister, Jann Stuckey, says all the potential options for the village were considered, but the Parklands site was the best choice.

The announcement comes after news that former Commonwealth Games Bid Team Chairman, Mark Stockwell, was sidelined amid speculation he was at odds with the minister over the site.

But Ms Stuckey says that is in the past and adds that Mr Stockwell has been acknowledged for the contribution that he made in securing the bid.

"And I'll repeat that again, we are very grateful for the contribution that Mr Stockwell made.

"There's been a lot of speculation and rumour about the Commonwealth Games site and today we're able to put an end to that."

Ms Stuckey says it is now time to move forward with preparations for the 2018 event.

"As we move to phase two it was important to get the right mix of people to be able to deliver the games."

Chairman of the Gold Coast Commonwealth Games Board, Nigel Chamier, says choosing the site is just the beginning.

Mr Chamier says the board will review the feasibility studies for the games, undertake detailed financial modelling, and save money where possible.

He says there are a number of issues yet to be determined.

"There's the issue of the balance between permanent accommodation and temporary accommodation, demountable buildings that could be used elsewhere around the state - in the mining sector - all those issues are yet to be resolved."

Gold Coast ShowGold Coast Show Society President, Peter Johnston, says he's disappointed that the board chose the Parklands site as the show will now have to be moved to another location.

"I'd be telling fibs if I said I wasn't disappointed but at the end of the day the government has given me some very strong assurances that the Gold Coast Show will survive and flourish. We've been around for 112 years and we've had our challenges before.

"It is just another bump in the road. We have to be positive in saying we will be here another 100 years. We have to tailor ourselves and reconfigure it to a new venue. That we can do - we have a magnificent staff and committee that will accept the challenge."

He says the event will be held at the Parklands site this year and in 2013.

Gold Coast Turf ClubTurf club CEO Grant Sheather says the club is interested in establishing an events precinct around its Bundall racecourse.

He says the club is interesting in hosting events like the Gold Coast Show, and other events and festivals.

"The board adopted a strategy and tried to pursue other events and along with Gold Coast City Council put a joint submission to the government outlining the potential to possibly hosting the Gold Coast Show and other events that would need to be relocated as a result of the games village being located at Parklands," Mr Sheather says.

"We think that our site has significant infrastructure already in place and there'd have to be significant cost savings by investigating a redevelopment of this precinct rather than redeveloping a greenfields site at Carrara, so we think there are probably significant cost savings for the LNP government."

Big Day OutMr Sheather says the Turf Club would also welcome the Big Day Out music festival which is staged at the Parklands every year.

"We're trying to pursue an events strategy... manage a joint venture. So you've got things like Big Day Out and boat shows, they're the events that we'd be looking to source through our strategy."